When deciding best way to deal with a debt problem you must consider many factors.  Each subject has a dedicated page accessed by pressing the appropriate button on the left.

Secured or Unsecured?

Secured debts are those debts that are specifically secured against an item of value that can be seized by the lender in the case of default.  By and large they are completely un-negotiatable.

Domestic Debts

These are the debts that are normally accumulated by employed individuals. Currently they are dominated by consumer credit based debts, i.e. loans and credit cards. They might also include unpaid Council tax, overpayments of benefits and tax credits and unpaid utilities.

Business Debts.

These can be sub-divided into those of:-

• Sole Traders/Self Employed,  
• Trading Partnerships
• Those of the directors of insolvent or failed limited companies.

These will include consumer credit based debts, suppliers, landlords and  personal guarantees on business loans and, of course, Tax Debts.

Limited Company Debts.

The debts of a limited company should not be confused with the debts of the directors. Insolvent limited companies  have a whole series of available procedures, most of which do little to help the directors. The directors' residual debts are personal debts that need to be dealt with accordingly.

Tax Debts.

Typically, but not always, suffered by self-employed, sole traders and partnerships, tax debts must be regarded very seriously indeed since they nearly always result in Bankruptcy

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